Italy's Generali buys JV partner's stake in China non-life insurance business

Italy's Generali buys JV partner's stake in China non-life insurance business

The logo of insurance company Generali is seen on the company headquarters in Budapest, Hungary, November 29, 2019. REUTERS/Tamas Kaszas/File photo

Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108 million).

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